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20121102
20121102
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Search Results 0 to 15 of about 16 (some duplicates have been removed)
downward pressure on oil. oil giant chevron also hurt the energy sector and the dow. chevron had the biggest percentage loss among dow stocks. chevron did not make as much money has anticipated in the third quarter. earnings per share were well short of estimates. similar to exxon mobil, chevron also saw its production and fuel sales fall, hit by hurricane isaac in august, legal troubles in braziand a refiry fire in california. shares fell 2.8%, closing at their lowest price since july. two bright spots for chevron were its smaller refineries processing cheaper oil from montana and north dakota. meantime, chesapeake energy fell to a three month low, down 7.9%. the company has been trying to reduce its massive debt load. today the company said it may delay cutting its i.o.u.'s into 2013. the prospect of the delay was met with selling. you may have missed it but the ipad mini went on sale today. apple's newest product didn't have the usual hoopla. still, analyst expect apple to sell one million or more of the devices during its first weekend on the market. apple stock continued its
position. there is a better sense chevron down $3.45. going to nicole petallides at new york stock exchange maybe they thought nobody would best. >> three ipo today the first after hurricane sandy. look at restoration hardware up 32% of the earlier highs but it had a great pop which is a furniture retailer excepted beautifully. standing next to south cross energy up battle point* 5%. they did well even though hurricane sandy blooms on the eastern seaboard. liz: day do not sell hardware. they sell pretty stuff. [laughter] lasalle whole crew knows, the devastation from hurricane zandi -- sandy is felt that these coast with the energy side then the human side. we have lived team coverage 40 miles from and had an atom we will start with you. >> behind me receive the national guard and passing a water but also red cross now showing up but the field of dreams foundation and they showed up early on their own volunteers bringing food and clothing. diapers, betting common medications, food if you can cook or pizzas if you cannot. people are coming out with converters for govett is what is going on i
, especially since the store held its grand re-opening this morning. >>> chevron says its richmond refinery should be back in operation next year. a fire in the processing unit knocked it off-line. it is considered to be the heart of the processing operation. company executives made the estimate about when the plant would be back at full operation during a conference call with financial analysts. >>> in overnight news a san francisco apartment fire could have been a lot worse neighbors say if one man had not jumped into action. the fire started at 10:30 last night on balboa street in the richmond district. a man who lives in the building shot this video. he talked to a neighbor who fought the flames write a fire extinguisher before fire trucks arrived on scene. >> i kicked the door on even and i started hitting the fire with it and they brought me another one. >> he subdued the fire enough to the point where it pretty much saved the building. i think if nobody took action, i think it would have been a lot worse. >> firefighters tell ktvu that one person was displaced, the cause is under inv
. also watching san ramon based chevron the oil giant taking a big hit. their income falling 33% they only made it 5 and 1/4 billion dollars for the quarter. they said the production decline sold oil and gas at lower prices. the bay area people are saying what floor prices. reversing chevron's shares trading lore at three-quarters of a percent. >> looks like the dow is going positive is already up above the 50.1. >> let's go to whether we have erica watching those numbers to the software co- star erica. >> yes james. some spots and the low 40's degrees cooler compared to what was off 24 hours ago. we have locally dense fog for some of our valleys into the afternoon however, how glad i cloud coverage that is in the upper 60s. pretty mild weather i was taken to satellite and radar to explain what is going on in the bay area. we have a weak cold front pushing in from the pacific northwest that explains the cool air we are seeing in some of the locally dense fog. off trucker four shows when the fog will cleared up in my next report. >> good morning we have a lot of slow traffic for
, steve. >>> this morning chevron reported its net income fell 33%. san ramon energy company blames lower oil and gas prices. and production slow down because of planned maintenance and hurricane in the gulf of mexico hurt its bottom line. chevron says it earned $5.25 billion. yesterday exxon mobile reported profits fell 7% there. the 2012 world series champion giants can't rest on their laurels. that is according to sports marketers. they must continue to atrack fans to the ballpark. and capitalize on the brand. they tell the san francisco business times the giants there to avoid the appearance of price gouging. keep season ticketholders happy and remain humble. >> i don't worry about them with that. >>> 6:53. boy a bold luxury theft. what thieves stole and why they only wanted one thing. >>> don't forget you can get ktvu news to go download our ktvu app click the live icon. >>> welcome back to the ktvu channel 2 morning news. live look at the big board. dow jones up a little bit. mostly favorable response to the jobs report. we could see more gains. analyst says the little bump the in t
continues to be under pressure after hurricane sandy. chevron, caterpillar, ibm, some names that have been managing to squeeze up some games. let's take a look at a winner on wall street. that is priceline after they came out with their orderly reports. they expected slower growth. it turned out it was doing better than expected and one of the reasons is because of europe. they compete directly with names like expedia and such. they even got an upgrade from a buy rating to a hold. dagen: thank you. let's go back to adam shapiro. he is live and staten island. connell: what is happening, adam? >> we are watching strangers come by with food and water. the topic everyone is discussing is the fact that the new york city marathon is still going to be run. i want to introduce you to very important people who live in this area. this man grew up here and his girlfriend lives behind here. some of the houses condemned. john, the marathon is going on. what do you think? >> i think, along with many others, it is a disgrace. >> what would you say to mayor bloomberg to maybe change his mind? >> i can und
's not so good anymore. >> maria, the energy has been sharply lower. exon and chevron also reported lower earnings. that's not helping right now either. >> that's part of the drag on the dow jones industrial average, for sure. the energy stocks. the exon and chevron shares are part of the dow 30. that's definitely among the weak spots today. overall, it's also the uncertainty. we're looking at these pictures of these gas lines, people waiting to get gasoline. we're looking at shortages on food and recognizing that, you know, just because the hurricane has passed, doesn't mean the implicationed have passed. the work is just beginning. >> ben, what do you think next week? a little bounce or what do you expect? >> no, i think we can still see a bit of a pullback. my concern is there's so little economic data next week it can be a frenzy of headline driven events that can lead to the volatility of the market. >> all right. thank you very joining us. that'll do it for the
williams speaks today about the economy. earnings front, look for numbers from chevron, information resin investment, mcgraw hill, thomson reuters, "washington post." but today is about the unemployment report. how are we going to trade to this number? >> good morning, ross and kelly. th looks like the market's built in a better than expected number. we had a big rally yesterday. i think any number under 135 will create selling pressure. because we're up against resistance and the market is a little frothy. so i think if it's not a major beat, i think we sell off a little bit. >> the dollar getting traction across the board. euro-dollar below 129. dollar index up at fresh seven week highs. is that just a sign people are squaring themselves off ahead of a lot of event risk? >> i think that's always the days. we have the big jobs number as a factor, the election coming up, so there is a lot of reason to square here. and yesterday being the end of the year for all the mutual funds we have the news risk coming up the next couple days. >> do you buy volatility? >> i think we'll start to see vo
that we see from this company were less. we saw chesapeake selling off much like chevron which it to noted oil production was to the downside. that was another entity named that came under pressure. david: the cool, thank you very much. have a great weekend. we have adam shapiro. many people mad as hell back that with all of this going on the marathon is still going on. liz: let's head to staten island. abuse of power just as people are extraordinarily concerned about getting any power or water. the abuse they are talking about is the usage for the marathon. what are they saying about in staten island? adam: they do not want the marathon to proceed because there is still a pile of debris. this is what somebody's livelihood was. i am looking at a box of old christmas ornaments, there is a child like caught the kind you put your 3-year-old on when you are trying to teach them how to ride, then when you come down here, you have refrigerators and stoves and things like that. they have a red cross truck here. volunteers from staten island have been coming here to help out their own. you are tal
. maybe there will be a president and we just don't know. chevron company reporting earnings of $2.69, lower than estimates of $2.83, that analysts expected. revenue looks below expectations. exxon had a great number because of refining margins so i don't know why this would be below. hopefully we looked apples to apples. >> coming up we've got the jobs effect on next week's presidential election, up next we'll talk to glenn hubbard, economic adviser to the romney campaign and dean of the columbia business school to get his thoughts on the number. >>> welcome back to "squawk box." lets aget to the jobs report and the political impact of the employment numbers. joining us now columbia business school dean and romney campaign economic advicer glenn hubbard. glenn, good to see you. >> good morning. >> thanks. in addition to it being a pretty good overall number, the 170 number this month some people are saying the revisions to last month do show a pick-up in something. is it the housing market that came around? is it a good number? >> well i think that our expectations may be dumbed d
this morning, chevron a big drop in profit in the last quarter down about 33% to $5.25 billion. revenue is down also. missed expectations by around $8 billion. the company had lower natural gas and oil production also higher maintenance costs including the big fire at its richmond refinery. >> linkedin proves it's one of the better social media companies turning a profit of over a couple of million dollars in the recent quarter after a loss the year earlier. markets have modest gains. we had a nice day yesterday so some of the gains baked in early. the dow up only by 5 points right now. nasdaq higher b a fraction as well as the s&p. earnings reports have been poor for the 3rd quarter fourth not looking better. back to you guys. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> new this morning, a couple of die-hard apple fans are lining up for the new ipad mini. this is in san francisco overnight. preorders for the 7.9" tablet sold out in 20 minutes last week. today only the wi-fi version of the mini is on sale. the cellar model hits shelves in time for the holiday shopping season
in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ soothes you to sleep with ingredients like melatonin. it's safe with no side effects, so you wake up... ready to go. [ male announcer ] unisom natural nights. >>> four days until the legs, and the economy and a handful of swing states could sway ut outcome of the presidential race. in iowa the unemployment rate is 5.2%. it's much lower than the national average of 7.9%. the economy is still causing problems for the president. >> we basically star
chevron and chesapeake. they did come out with third quarter financial results. oil production was down year over year. >> the energy stocks head south. gas prices continued to drop by at because of sandy motorists are literally running on empty. tracy: take at -- take a look at the winners and losers. we will be right back. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barriereef with sharks, or jumping into the marke he goes with pele he trusts, which is why he trades wita company that doesn't niel and dime himith hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. at legalzoom, we've created a better place to turn r your legal mters. maybe you want to incorporate a business you'd like to start. or protect yr family with a will or living trust. legalzoom makes it easy withtep-by-step help when completing your personalized document -- or you can even access an attorney to guide you along.
Search Results 0 to 15 of about 16 (some duplicates have been removed)